Sign up now
to enroll in courses, follow best educators, interact with the community and track your progress.
Download
Set 5: Part 8: Economics MCQ for Prelims
75 plays

More
Set 5: Part 7: Economics MCQ For Prelims!!

Akshay Kadam
With 5 yr UPSC coaching experience; I wl help u get conceptual clarity of topics & their Applied Understanding to score more.

U
Unacademy user
Mohd Anas Saifi
a year ago
Thk for motivation
very nice lessons sir, please add more lessons in this course.....
Akshay Kadam
7 months ago
Definitely Yash. It's will take lil time. But do stay tuned
  1. Economics Test Series For Prelims Master Economics with the help of Conceptual Objective unacademy Practice Questions, By Prof. Akshay D Kadam https://unacademy.com/user/AkshayDKadan


  2. Consider the following statements about Which of the following organisation has Public Finance Management systemlaunched its GPI (Global Payment It is platform to monitor utilisation of Innovation) Tracker system to help funds provided to implementing agencies and state governments. It is implemented by Controller General activity? of Accounts and administered by the a) SWIFT a global financial messaging Department of Expenditure, both in Ministry of Finance. Which of the above statements are correct? a) 1 Only b) 2 Only c) Both 1 and 2 d) Neither 1 nor 2 banks track their global transactions at all times and keep full vigil on payment service b) Bank for International Settlements c) European Central Bank d) Federal Reserve System/Central bank of USA https://unacademy.com/user/AkshayDKadam


  3. Which of the following is/areWhich of the following is/are advantage of advantage of Fiat currency Bitcoins/Digital currency over Fiat currency? over Barter Trade? 1) It avoids double coincidence coincidence of wants over fiat currency. of wants 2) It offers Divisibility of Valueof Value over fiat currency 3) It offers Fungibility of value. 3) Bitcoins/Digital currency offers higher 4) Better storage of Value ofFungibility of value over fiat currency. labour. Options - a) 1 and 4 b) 1 2 and3 c) 1 2 and 4 d) 1 2 3 and 4 1) Bitcoins/Digital currency avoids double 2) Bitcoins/Digital currency offers more Divisibility 4) Bitcoins/Digital currency allows Deferred Payment, Future contractsover fiat currency. Options - a) 1 and 4 b) 1 2 and 3 c) 1 2 and 4 d) 2 3 and 4 https://unacademy.com/user/AkshayDKadam


  4. Which of the following Consider the different types of disequilibrium in Balance Of are primary functions of Payments and mark the correct pairs money? 1) As a medium of exchange 1) Structural Diseguilibrium - Changes in tastes, fashions, income etc Or Newer and Cheaper substitutes available abroad. 2) Cyclical Disequilibrium - Inelastic imports and increased imports in boom times. 2) As a measure of3 ShoitRun Disequilibrium- Technological improvements in 4 value 3) As a store of value population 4) As a basis of credit 4) Long Run I Secular Disequilibrium - Unexpected contingencies Which of the above are like failure of rains or favorable monsoons, strikes, industrial peace incorrect options? Options a) 1 and 2 b) 1 3 and 4 c) 2 3 and 4 d) 3 and 4 importing countries; Persistent Inflation in economy; or increase in 8 or unrest etc. Which of the above are incorrect pairs? Options a) 1 and 2 b) 1 3 and4 c) 2 3 and4 d) 3 and 4 https://unacademy.com/userlAkshayDKadam


  5. Union government has set up Subhash Garg Committee', with GeM 3.0 which of the following mandate? 1) It is third version of Government e- a) Regulation of Fintech sector in Marketplace; launched by Ministry of India b) Addressing technological loopholes in banking sector c) Addressing aftereffects of demonetization and gst to revive Government growth d) To bring more stringent laws on a) 1 Only banking frauds. Consider the following statements about Commerce and Industry. 2) GeM is an Online Market platform to facilitate procurement of goods and services by various Ministries and agencies of the Which of the above statements are correct? b) 2 Only c) Both 1 and 2 d) Neither 1 nor 2 https://unacademy.com/user/AkshayDKadam


  6. According to recent report published by No money can be withdrawn without World Steel Association (WSA); which prior parliamentary approval from of the following is correct order of top 1) Consolidated fund of India. three largest crude steel producer of the 2) Contingency Fund of India. world? a) CHINA JAPAN INDIA b) USA> JAPAN INDIA c) USA>CHINA>INDIA d) CHINA> USA INDIA 3) Public Account Of India Options - a) Only 1 b) Only 1 and 2 c) Only 3 d) 1 2 and3 https://unacademy.com/user/AkshayDKadam


  7. The Finance commission through system of tax devolution and grants in 1) The expenditure that does not result in to aid addresses which of the following creation of assets for government of India is factors? 1) Horizontal imbalance among states 2) Vertical imbalance between Centre is treated as revenue receipt. and states. 3) Inter State inequality. 4) Intra State inequality. Which among the above are correct statements? statements? a) Only 1 and 3 b) Only 1 and 4 c) Only 1 2 and 3 d) Only 3 and 4 Consider the following statements about treated as revenue expenditure. 2) The receipt that does not result in to creation of liabilities for government of India 3) All grants given to State and UT's are treated as revenue expenditure. Which among the above are correct a) Only 1 and 3 b) Only 2 and 3 c) Only 1 and 2 d) 1 2 and 3


  8. Consider the following statements What is the significance of putting various about NSSF 1) NSSf is a part of Public Account of India 2) Only Central government can banks and other financial institutions. borrow money from NSSF Which among the above are correct statements? a) Only 1 b) Only 2 c) Both 1 and 2 d) Neither 1 nor 2 economic sectors in the harmonised master list infrastructure sector?a) It will help get sectors financial supports from b) It will help get sectors ease of doing business by faster land acquisition process. c) It will help get sectors less regulation by the government d) It will help get sectors tax breaks and tax exemptions so as to make infrastructure sectors in list more competitive. https://unacademy.com/userlAkshayDKadam


  9. Consider the following statements about Consider the following Assertion A: Falling of Dependency ratio; Gini coefficient and its relation with decreases saving and investment Reason R: In case of increasing dependency ratio Government may increase tax rates to account for increased spending on social sector related with Gini coefficient. schemes like pensions leading to reduction in disposable income.. Select correct answer using codes given with Gini Coefficient. below: a) Both A and R are correct and R is a correct? correct explanation of A. b) Both A and R are correct but R is not b) 1 and 3 only a correct explanation of A. c) A is correct, R is incorrect. d) A is incorrect, R is correct. 2 different factors 1) Gini coefficient varies inversely with median age of population. 2) High GDP growth rate is negatively 2 3) Percentage of population in Agriculture sector is negatively related 0 Which of the above statements is/are a) 1 and 2 only c) 2 and 3 only d) 1 2 and 3 only


  10. Consider the following statements about The Asian Development Bank (ADB) has Index of Industrial Production (IIP) 1) Index of Industrial Production (IIP) is released by the Central Statistics Office 2022 to help fasten inclusive economic (CSO) of the Ministry of Statistics and Programme Implementation with base year status. The ADB's programme in India will focus of 2011-12 2) The Eight Core Industries comprise around 50 per cent of the weight of items more and well-paid jobs. included in the Index of Industrial Production (IP) Which of the above statements is/are correct? a) 1 only b) 2 only c) Both 1 and 2 d) Neither 1 nor 2 decided to increase its annual lending to India to maximum of $4 billion between 2018 and transformation towards upper middle income on which of the following parameters? 1) Boost economic competitiveness to create 2) Improve access to infrastructure and services. 3) Address climate change and improving climate resilience. 4) Increasing farm productivity Options - a) 1 and 2 Only b) 3 and 4 Only c) 1 2 and 3 Only d) All the above


  11. Consider the following statements about Asian Consider the following statements about Development Bank - 1) ADB is a regional development bank which 1) Universal Basic Income is a form of social aims to promote social and economic development headquartered in Tokyo Japan. it's called universal. 2) Japan is largest shareholder (capital subscription) of ADB having 15.7% shares | requirement to work or to demonstrate followed by China (15.6%). 3) India is largest borrower country from ADB 3) It is means to demolish complex welfare followed by Indonesia and China. Which of the above statements are correct? transfer obligations without weakening work Options a) 1 and 2 Only b) 2 and 3 Only c) 1 2 and 3 Only d) None the above Universal Basic Income. security paid to every Household; that's why 2) It is unconditional and paid without a willingness-to-work bureaucracies while meeting some social incentives significantly Which of the above statements are correct? a) 1 2 3 b) 1, 3 c) 1 2 d) 2 3


  12. Consider the following statements about State Bank of India (SBI) along with FTSE Masala Bonds 1) Masala bonds are bonds issued outside India but denominated in Indian Exchange (LSE). Bond Index aims to- Rupees 2) Currently, masala bonds are reckoned investors in international markets to analyse both under combined corporate debt limit India's government bond market (CCDL) for FPl (Foreign Portfolio Investments) and external commercial investors in international markets to analyse borrowings (ECBs) Which of the above statements are correct? a) Only 1 b) Only 2 c) Both are correct d) None of the above Russell, global index and data provider launched FTSE SBI Bond Index series at London Stock 1) transparent and reliable benchmark for 2) transparent and reliable benchmark for India's Corporate bond market. Which of the above statements are correct? a) Only 1 b) Only 2 c) Both are correct d) None of the above https://unacademy.com/userlAkshayDKadam


  13. Consider the following statements about |Which of the following have been CRR and 'Standing Deposit Facility declared by RBl as Domestically 1) For CRR, RBI requires to issue collaterals in the form of government1) ICICI bank ltd securities; for which RBl pays no interest. 2)RBl will have to pay interest to banks 4) Bank of Baroda for money absorbed by RBl under Standing deposit facility Which of the above statements are correct a) Only 1 b) Only 2 c) Both 1 and 2 are True d) Neither 1 nor 2 correct Systematically important banks? 2) SBl 3) HDFC bank ltd Options- a) 1 and 2 only b) 1 and 3 Only c) 2 and 3 Only d)1 2 and 3 Only https://unacademy.com/user/AkshayDKadam


  14. Which of the following is a Consider the following statements of comparison about Hybrid Instrument that is Preference Share holders and Equity share holders - combination of loan and 1) Preference shares represent partial ownership in a ownership instrument? company, although preferred stock shareholders do not a) Non Convertible debentures b) Bond Holders c) Preference Share holders d) Equity Share holders Options enjoy any of the voting rights like Equity share holders. 2) Preferred shareholders always receive their dividends first and, in the event the company goes bankrupt, preferred shareholders are paid off before Equity share holders Which of the above statements are incorrect? a) 1 Only b) 2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam


  15. Consider the following statements Consider the following statements about Cess about Payments banks 1) The payments bank cannot undertake lending activities. 2) Payments bank are not allowed to states. issue ATM/debit cards and credit 2) Both Surcharge and Cess goes to cards. Which of the above statements are only for the specific purposes. incorrect? a) 1 Only b2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct and Surcharge? 1) A common feature of both surcharge and cess is that the centre need not share it with Consolidated Fund of India but can be spend Which of the above statements are incorrect? a) 1 Only b) 2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam


  16. Consider the following statements National Payments Corporation of India is the about Monetary Policy Committee umbrella organisation for all retail payment 1) MPC is a statutory body 2) MPC is completely autonomous statements about NPCI body and Central government has no 1) Unified Payments Interface was developed role to play in its composition andby NPO functioning Which of the above statements are RuPay is developed by NPCl. incorrect? a) 1 Only b) 2 Only c) Both 1 and 2 are correct d) Neither 1 nor 2 correct systems in India. Consider the following 2) Domestic card payment network called 3) BharatQR - A common QR code built for ease of payments is developed by NPCI. Which of the above statements are correct? a) 1 and 2 only b) 1 and 3 Only c) 2 and 3 Only d) All of the above https://unacademy.com/userlAkshayDKadam


  17. Aadhaar is a 12-digit unique identity number |The Union Finance Ministry has issued to all Indian residents based on their launched second exchange-traded biometric and demographic data. The data is fund (ETF), named Bharat 22. What is collected by the Unique Identification Authority of India (UIDAI), a statutory authority established iby the government of a) It is aimed at speeding up India, under which of the following ministry/Organisations? a) Ministry of Home affairs. b) Ministry of Electronics and Information reviving sick PSU's. Technology c) Unique Identification Authority of India sector banks. (UIDAI) is an autonomous independent statutory authority; and does not function investments in Indian infrastructure under any ministry or organisation. d) Finance Ministry the objective behind launching Bharat 22? governments disinvestment programme b) It is aimed at raising funds for c) It is aimed at capitalising public d) It is aimed at increasing foreign fund. ttps:/lunacademy.com/user/AkshayDKadam


  18. Which of the following statements about |Which of the following statements convertibility in Indian economy? 1) India has full convertibility of rupee on economy? trade/Visible/Merchandise account. 1) India has No convertibility on 2) India has full convertibility of rupee on capital account. services/Invisibles account. Which of the above statements are correct? a) Only 1 b) Only 2 c) Both 1 and 2 are correct d) Neither 1 nor 2 correct about convertibility in Indian 2) India has floating exchange rate. Which of the above statements are correct? a) Only 1 b) Only 2 c) Both 1 and 2 are correct d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam


  19. Consider the following statements about BASEL Ill The global financial stability Norms regulatory capital 1) The objective behind maintaining Capital conservation buffer is to increase capital requirements in good times and decrease theb) IMF same in bad times. 2) The objective behind maintaining Counter cyclical buffer is to maintain cushion of capital that can be used to absorb losses during periods of financial and economic stress. Which of the above statements are correct? report was released by which of the following organisation? a) World Economic Forum c) World Bank d) UNDP a) Only1 b) Only 2 c) Both 1 and 2 are correct d) Neither 1 nor 2 correct https://unacademy.com/userlAkshayDKadam